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Simple Definition of LLP Agreement Form 3 LLP Form 3 is used for filing the Limited Liability Partnership Agreement in the case of a newly formed Limited Liability Partnership and for making changes to an existing Limited Liability Partnership. In order to submit Form 3, an LLP agreement must be signed. It is required that […]
Latest Update 29th September 2022 The last date of filing ITR-A u/s 170-A order of business reorganization till March 31, 2023. Read PDF What is ITR A Form? The Central Board of Direct Taxes (CBDT) has reported Form ITR-A for furnishings of the revised return by the successor entity via issuing Notification. Through the same […]
Employees’ Provident Fund is a government-sponsored savings plan for employees of the formal sector who work in companies with more than 20 employees. Besides serving as a retirement plan, it also serves as an emergency fund. Each year, the Employees’ Provident Fund Organization (EPFO), a government agency established by the Employees’ Provident Fund Act of […]
In an order passed by the Andhra Pradesh Authority for Advance Ruling (AAR), it has been clarified that there should be no levy of goods and services tax on the printing of pre and post-examination items, as well as the scanning and processing of exam results are free of tax. The ruling was passed in […]
Same as before, the GST Council is again planning to change rates for some products as a way to increase revenue and deal with taxpayers’ woes. Rate rationalisation, which refers to the rationalisation of GST slabs and tax rates in order to make them beneficial for everyone, was discussed in detail at the 45th GST […]
The Jharkhand High Court bench has recently cancelled a Form GST DRC-07 summary notice issued by the GST department for not being issued in compliance with the law. The petition was filed in response to a CBIC notice dated 10.02.2020, which says that interest paid on late payment of taxes is recoverable under Section 79 […]
As a way to raise revenue for both the states and the central government, the GST Council is expected to consider a proposal to discard the 5 per cent slab in its next 47th GST council meeting scheduled in May 2022. If that happens, the existing items in the 5 per cent slab will be […]
In a recent order by the Agra bench of the ITAT, it was clarified that the failure to file TDS/TCS return prior to 1st June 2015 will not lead to a late fee penalty under section 234E of the IT Act, 1961. The IT Act Section 234E says that a late fee of Rs. 200 […]
If you think GST is simple, you probably haven’t heard about the new tax rates on pizza in India. It’s anything but simple. To start with, the government is now planning to tax pizzas at three different rates. According to a recent ruling by the Haryana authority for advance rulings, pizza topping is not pizza […]